ZAR8 Yield
Coming soon A rand-denominated digital asset. Any reward is discretionary.
ZAR8 is 80eight's rand-pegged digital asset. ZAR8 Yield is not available on the 80eight platform yet. Once it launches, any Bitcoin distribution will be discretionary and non-guaranteed, a separate benefit rather than interest, and it can be nil in any period.
- Coming soon — not yet available on the 80eight platform
- Rand-pegged digital asset
- Any Bitcoin distribution will be discretionary, not interest, and can be nil in any period
What ZAR8 is
ZAR8 is 80eight's rand-referenced stablecoin: fully collateralised, with supply matched to reserves, holding one to one against the rand.
It runs on Ethereum as an ERC-20 token for V1, and only verified accounts can hold it. The OTC desk settles in it alongside rands and dollar stablecoins.
How a distribution would reach you
Once ZAR8 Yield launches, any Bitcoin distribution will be discretionary: not interest, not guaranteed, and possibly nil in any period. Where one is made it will be paid automatically and appear in the app — there will be nothing to claim and no button to press.
Nothing will be set aside for them. Your holding will stay liquid throughout — you will be able to move between ZAR8 and rands inside the app whenever you want. Past distributions will not guarantee future ones.
What we can do to it, and what you cannot do with it yet
When ZAR8 Yield launches, your ZAR8 will be held custodially inside 80eight and you will not be able to withdraw it to your own wallet — that is on the roadmap rather than in the product, and we would rather say so now than let you find out at the withdrawal screen.
Two powers exist and are worth knowing about. Transfers, minting and burning can each be paused independently in an emergency, and an address can be frozen on a regulatory request, which stops it sending, receiving and redeeming. If we ever paused the contract, we would tell you.
Digital assets are not bank deposits and are not covered by a deposit-protection scheme. Holding and trading digital assets involves significant risk, including the risk of substantial loss.